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Your Firm Purchases Goods from Its Supplier on Terms of 1/10,net

Question 43

Multiple Choice

Your firm purchases goods from its supplier on terms of 1/10,net 30.The effective annual cost to your firm if it chooses not to take advantage of the trade discount offered is closest to:


A) 16.8%.
B) 44.6%.
C) 20.1%.
D) 13.0%.

Correct Answer:

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